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Suncor Energy Inc T.SU

Alternate Symbol(s):  SU

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading; offshore oil production; petroleum refining in Canada and the United States; and the Company’s Petro-Canada retail and wholesale distribution networks (including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicle (EV) stations). The Company is developing petroleum resources while advancing the transition to a lower-emissions future through investments in lower-emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. The Company also conducts energy trading activities focused primarily on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region.


TSX:SU - Post by User

Comment by Experiencedon Sep 22, 2023 8:12pm
127 Views
Post# 35650285

RE:RE:RE:RE:RE:Oil up, Oil stocks down: Consider a pairs trade

RE:RE:RE:RE:RE:Oil up, Oil stocks down: Consider a pairs tradeNice analysis Jay....partucularly liked the tap analogy.

To emphasize your points, I talked in a previous post that unlike the first two of the three pigs I am building a brick house.  The houses built by the first two pigs are great as long as the big bad wolf is not around.  Once he shows up the destruction of the houses happens very quickly.

To me the market is living right now in houses built by the first two pigs and I see the big bad wolf on his way. The great thing about this is that if you build the brick house you will not only survive the recession but have the resources to make a lot of money after the wolf leaves.  Just like the third pig did by charging the first two pigs rent after the wolf blew their houses down (lol).
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